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Recently, the crypto assets market has faced multiple challenges. The U.S. non-farm payroll data fell short of expectations, adding only 73,000 jobs, far below the market expectation of 110,000. Meanwhile, the Fed has maintained interest rates unchanged for the fifth consecutive time, but there are internal disagreements. In addition, the escalation of tensions in international trade relations has collectively put pressure on the market.
Against this backdrop, the price of Bitcoin has fallen from a high of around $120,000 to about $111,800. Market participants have profited significantly from this decline, with some traders reporting gains of over 8,000 points during this pullback.
Despite a slight rebound in the market over the weekend, with Bitcoin briefly reaching $114,700, this cannot be seen as a definitive signal of a trend reversal. Other crypto assets also showed similar movements, such as Ethereum briefly breaking through $3,520, but then subsequently declined.
Given the current market conditions, there may continue to be downward pressure in the short term. Investors should closely monitor market trends and exercise caution. At the same time, it is important to be aware of the high volatility in the Crypto Assets market, as well as the potential risks and opportunities it may bring.
In this complex market environment, investors need to remain calm, manage risks effectively, and make informed decisions based on their investment strategies and risk tolerance. The future market direction will depend on multiple factors such as the global economic situation, changes in regulatory policies, and the development of the Crypto Assets ecosystem.